European stocks mixed as markets digest U.S. inflation, await ECB decision; Societe Generale up 4%

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyMarkets had expected the U.S. Federal Reserve to start cutting interest rates in June, with further cuts expected later this year, but that shifted dramatically following the release, with traders now expecting the first cut in September, according to CME Group calculations.

Societe Generale said the deal was progress toward its goal of creating a more"streamlined, more synergetic and efficient business model," while strengthening its capital base.European markets were mixed early Thursday, with France's CAC 40 and the U.K.'s FTSE 100 both around 0.1% higher and Germany's DAX flat.

The Wall Street bank expects the 'attractive' yet 'high risk' stock could go up by 280% over the next 12 months.

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